TFS Gulf
  • All categories
    • inPractice
    • Entrepreneur Story
    • Finance Leaders
    • Videos
TheFinanceStory
No Result
View All Result
  • Login
  • Register
  TFS Gulf
  • All categories
    • inPractice
    • Entrepreneur Story
    • Finance Leaders
    • Videos
The finance story
No Result
View All Result
  • Login
  • Register
The Finance Story
No Result
View All Result

Infosys promotes Jayesh Sanghrajka to CFO

Infosys announces the promotion of Jayesh Sanghrajka to CFO, following the departure of Nilanjan Roy. Jayesh is set to lead Infosys’ financial operations from April 1, 2024.

Preeti Mondal by Preeti Mondal
Published date: 16th December, 2023
Last edited date: 21st December, 2023
SHARE (0)
Infosys promotes Jayesh Sanghrajka to CFO as former finance chief resigns after 5 years
Share on FacebookShare on Twitter
  • Infosys promoted Jayesh Sanghrajka as Chief Financial Officer (CFO) after Nilanjan Roy resigned.
  • Jayesh brings with him 25 years of experience in various finance roles.
  • He is set to assume the new responsibilities starting 1st April 2024.

Infosys CFO resigns

Not good news for Infosys!

Nilanjan Roy has resigned from his position as the Indian IT consulting giant’s Chief Financial Officer (CFO).

Having held the CFO role since 2018, he has decided to step down to pursue personal endeavours beyond Infosys.

Nilanjan will continue in his capacity until 31st March 2024, ensuring a seamless transition to his successor, as stated in a company filing.

Infosys has named Jayesh Sanghrajka the new CFO, and he will assume the role starting April 1, 2024.

“I am delighted to announce that Jayesh will take over as Chief Financial Officer.

As Deputy CFO, he has been leading multiple portfolios in the finance function for several years now and his depth of experience and knowledge will serve us well to take the function to greater heights.

I would also like to express my deep appreciation for Nilanjan for ably leading the function over the last five years and wish him the very best in his future endeavours”, Salil Parekh, CEO and MD of Infosys said in an official press release.

Background of the upcoming CFO

Jayesh is a Chartered Accountant and a Cost Accountant of India.

He possesses more than 25 years of experience in a diverse range of finance roles.

Here is a brief look at his career throughout the years.

1997 – He commenced his career with KPMG India

2000 to 2007 – Jayesh joined Infosys Technologies as a General Manager.

2012 – After a 4-year stint with other companies in VP roles in between, he again joined Infosys, and this time he joined for good.

In October 2015, he assumed the position of Deputy CFO for the Infosys Group, where he currently supervises various aspects of the finance domain. His duties include overseeing functions such as investor relations, business finance, corporate finance, treasury, and taxation.

The aftermath

Infosys experienced a significant decline in shares following CFO Nilanjan Roy’s resignation from the top post.

The stock dropped by 1% after Nilanjan’s departure, with Infosys shares falling by over 1.40% during the intra-day trade.

Investor sentiment was negatively impacted by the CFO’s resignation. However, the stock recovered from its initial lows and ultimately ended with reductions of up to 0.84%.

Preeti Mondal

Preeti Mondal

Recommended for you

India’s IT layoffs driven by Global Capability Centres, not just AI?
GCC

India’s IT layoffs driven by Global Capability Centres, not just AI?

18th August, 2025 | 3 mins read
BCG surpassed McKinsey by headcount...Thanks to talent from India!
Management Consulting

BCG overtakes McKinsey in Headcount…Thanks to talent from India!

18th August, 2025 | 3 mins read
KPMG Australia’s layoffs highlight the mounting challenges facing consulting firms worldwide—where a cooling market, rising cost pressures, and the urgent push toward AI and offshoring are forcing a complete rethink of the playbook.
Big 4

KPMG Australia cuts 635 jobs, while Partners pocket 10.3% pay rise

14th August, 2025 | 3 mins read
PwC triple revenues in India by 2030. Create 20,000 new jobs
Big 4

PwC triple revenues in India by 2030. Create 20,000 new jobs

14th August, 2025 | 3 mins read
Big 4 losing AI race while midzed, small & boutique firms winning
AI

Big 4 struggle with AI adoption, while midsized & boutique firms win

12th August, 2025 | 3 mins read
KPMG India Reappoints Yezdi Nagporewalla as CEO for Second Term
Big 4

KPMG India Reappoints Yezdi Nagporewalla as CEO for Second Term

7th August, 2025 | 3 mins read
Next Post
Citigroup’s strategic move: 40 new Managing Directors appointed globally in the markets division.

Citigroup’s strategic move: 40 new Managing Directors appointed globally in the markets division.

Start conversation Cancel reply

Your email address will not be published. Required fields are marked *

Popular posts

  • Big 4 firms in India: Inside Deloitte, PwC, EY, & KPMG growth, careers and salaries

    Big 4 firms in India: Inside Deloitte, PwC, EY & KPMG career prospects, growth and salaries

    0 shares
    Share 0 Tweet 0
  • KPMG Partner quits and goes Boutique with high end advisory firm: Now has 5+ offices & 75+ team

    0 shares
    Share 0 Tweet 0
  • Designations in HDFC Bank: From Joining as an Assistant Manager to climbing to the rank of Managing Director.

    80 shares
    Share 0 Tweet 0
  • Big 4 India Partners jumping from one firm to another: High alert as Partner poaching surges

    0 shares
    Share 0 Tweet 0
  • CA Firms Kirtane & Pandit, Guru & Jana, SSKM unite to build India’s Next Big Global Consulting Firm

    0 shares
    Share 0 Tweet 0
  • Hierarchy level in ICICI Bank: Thinking of joining ICICI Bank? Here’s an overview of the employee grades.

    175 shares
    Share 0 Tweet 0
  • ICAI Under Fire: Women Removed from Front Row at CA Students’ Conference Following Guest’s Demand

    0 shares
    Share 0 Tweet 0
  • EY, PwC, Deloitte surpass 3,300 Partners. EY added 1000+ new Partners

    0 shares
    Share 0 Tweet 0
  • UK firm outsourced accounting work to India but quality dropped: Now established his own offshore unit

    0 shares
    Share 0 Tweet 0
  • Deloitte India offers ‘Golden Handshake’ to senior Partners aged 55 & above. Plans to elevate young partners.

    0 shares
    Share 0 Tweet 0
The Finance Story

The Finance Story empowers finance professionals—CFOs, consultants, accountants, tax experts, and bankers—to navigate critical market shifts, industry disruptions, and emerging technologies & trends.

How? We spotlight key opportunities in India and globally, equipping finance professionals with the insights and strategies to drive business growth, optimize decision-making, and position their companies at the forefront

Quick Links

  • Finance
  • Partners
  • Privacy and Policy
  • Terms of use

Follow us

  • /TheFinanceStory
  • @TheFinanceStory
  • /TheFinanceStory
  • @thefinancestory_com
  • TheFinanceStory

© 2022. The Finance Story. All Rights Reserved.

No Result
View All Result
  • TFS Gulf
  • Entrepreneur Story
  • Finance Leaders
  • Videos
  • Login
  • Sign Up

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies to personalize your experience. By continuing to visit this website you agree to our use of cookies.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Book 1:1 call with industry expert